Deribit Options Market Report: 0113—Down Week
【Daily Review】
【Daily Review】
Bitcoin experienced a 5-day decline, with support at $33,000, and Ethereum also fell for four consecutive days. The overall trend this week is down. It has not been a long time since the daily line has five consecutive negatives. The pullback in the bull market is always strong, and most investors' liquidation occurs in the bull market.
BTC historical volatility
【BTC Options】
BTC historical volatility
10d 99%
30d 82%
90d 68%
1Y 82%
【Option Trading Volume】
The trading volume of options is 1.5 billion US dollars, which has been an astonishing volume for two consecutive days. The current open interest is 7.5 billion US dollars, and the open interest remains unchanged. The decline in currency prices has caused a decline in dollar denomination.
【IV】
Implied volatility for each normalized term:
Implied volatility for each normalized term:
1/12 ：1m 137.8%, 3m 117.5%, 6m 109.1%
Today: 1m 134.4%, 3m 120.5%, 6m 109.4%
【Option Flows】
Judging from the Option Flows data, the trading of selling call options has been extremely strong for three consecutive days. It is a very cost-effective business to buy and sell Call when the high IV plummets.
【Option position distribution】
【ETH Options】
【ETH Options】
ETH Historical Volatility
10d 122%
30d 121%
90d 95%
1Y 108%
The trading volume of options on Ethereum today is 121 million US dollars, and the open interest is 1.3 billion US dollars.
【IV】
Each standardized period IV:
Each standardized period IV:
1/12 ：1m 180%，3m 157%，6m 137%
Today: 1m 178%, 3m 152%, 6m 137%
【Option Flows】
From the Option Flows data, the four forces are relatively balanced, which is completely different from the distribution of Bitcoin.
【Option position distribution】
【Option position distribution】
